Nithio FI

Project overview

The company aims to provide innovative receivables backed financing solutions to companies providing energy access services to rural populations and support those companies in smartly deploying the capital to increase their impact in the most financially sustainable way.

Nithio FI distinguish itself from other financing facilities through their usage of data-driven predictive analyses. These analyses enable them to, on the one hand, accurately predict the payments and, therefore, the value of the existing portfolio of receivables. On the other hand, they offer a prospecting tool that can pinpoint the optimal regions for the operators to reinvest the proceeds they receive.

Funding objective

EDFI ElectriFI’s invested USD 5m (EUR 4.10m) unlocking USD 15m of senior debt and contributed to increasing the support of existing, well-established SHS distributors as well as smaller local distributors in diverse markets.

Investment rationale

EDFI ElectriFI’s investment will catalyse senior lenders and will contribute to increasing the support of existing, well established SHS distributors as well as smaller local distributors in diverse markets. By combining accurate receivable valuation and sophisticated data science services, Nithio enables the SHS operators to get access to cheaper capital and to learn how to allocate it more efficiently compared to what would have been previously possible.

Read more:

• Nithio FI | ElectriFI
• Addressing universal energy access and increasing resilience to climate change through AI: the ElectriFI & Nithio collaboration | ElectriFI
• High Level Green Talk on Accelerating the EU-Africa Partnership for Green Energy Transition in Africa | ElectriFI
• Nithio – Unlocking investment for climate and clean energy